What are the future improvements and possibilities/opportunities for the De-Fi?

[guardawallet]

Now with over $7 billion worth of value locked in Ethereum smart contracts, decentralized finance has emerged as the most active sector in the blockchain space, with a wide range of use cases for individuals, developers, and institutions. But still there are many more opportunities/possibilities to improve. That's why we would love to know your opinions!Now with over $7 billion worth of value locked in Ethereum smart contracts, decentralized finance has emerged as the most active sector in the blockchain space, with a wide range of use cases for individuals, developers, and institutions. But still there are many more opportunities/possibilities to improve. That's why we would love to know your opinions!

[blockman]

If an improvement is needed, it should be on the network. The demand causes the network to be delayed and get some traffic with transactions. This should be prioritized and taken care of before any major improvements that lies within the defi sector. If this gets to solved by Ethereum themselves, more people will have no headache anymore investing on it because they wouldn't care about the fees as it's already been solved. That is what we've mostly seeing for complains.

[ChrisPop]

Personally I would only put a significant amount of money in an audited smart contract that is built on a reliable, trusted blockchain. Although Ethereum has somehow stood the test of time, its dense congestions that cause delays and high network fees makes me reticent in using it ever again unless the underlying technology is greatly improved.

If developers can built something like the above and offer an intuitive user interface I guess DeFi is a perfect candidate for the centralized options out there.

[kindbtc]

I think there is massive space and things yet to be done as far as improvements and adding more opportunities and products are concerned. Some areas where defi projects can work are:
Provide more security to the smart contracts and make them hacker proof.
Add more financial products like insurance, savings account, loans etc.
The user interface should be made more easy and user friendly.
There should also be a system to identify, delist and block fake and scam tokens.

[cabron]

Personally I would only put a significant amount of money in an audited smart contract that is built on a reliable, trusted blockchain. Although Ethereum has somehow stood the test of time, its dense congestions that cause delays and high network fees makes me reticent in using it ever again unless the underlying technology is greatly improved.

If developers can built something like the above and offer an intuitive user interface I guess DeFi is a perfect candidate for the centralized options out there.

I've read about the admin key issue which I now have some doubts to some projects which team still have some key control over the contracts in the defi space. This is something that teams has to take action.  There were users telling that fees and congestion will be resolve with ETH2.0, I have no idea whether its true but I'm hoping that it will.

The CEO of Aave had suggested to tokenized Tesla which Elon Musk didn't respond to it. I think he is talking about Synthetic assets in Defi which I believe for traders it will be good to have it. This will help stock traders consider shifting to crypto.

[Zeehaxan]

I think DeFis if provided with all the necessary infrastructure and comprehensive ecosystem can lead to decentralized banking and finance and this should be the target of atleast some bigger group of developers to come up a large scale complete banking and finance based ecosystem where we can do everything we can do with traditional banking system also the defi projects need to make the environment scam and scammer free.

[articlecity]

In future i think we will see a hybrid model where website interface and many other features will be centralized while all transactions and yield related thing will be completely settled in a decentralized way using smart contracts.

[shinratensei_]

The defi can implement what has already implemented by cex but it will have a better transparency and governance consider about the community can vote for the next feature or product that will be released.
Defi is a big competitor for the centralized exchange site.
The future improvement should the defi will be able to build the same service as exchange site.
It can be deployed easily. CZ itself has already called defi as a threat for the CEX.

I quite agree with his opinion too.